Park Avenue Securities LLC Has $1.79 Million Stake in Vistra Corp. (NYSE:VST)

Park Avenue Securities LLC increased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,260 shares of the company's stock after purchasing an additional 1,619 shares during the quarter. Park Avenue Securities LLC's holdings in Vistra were worth $1,792,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB grew its stake in Vistra by 191.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,460 shares of the company's stock valued at $891,000 after purchasing an additional 4,240 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Vistra by 17.0% during the 4th quarter. Stephens Inc. AR now owns 4,765 shares of the company's stock valued at $657,000 after buying an additional 691 shares during the last quarter. Savant Capital LLC grew its stake in shares of Vistra by 10.7% in the 4th quarter. Savant Capital LLC now owns 4,058 shares of the company's stock valued at $559,000 after buying an additional 393 shares in the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in Vistra in the fourth quarter worth approximately $28,000. Finally, Summit Trail Advisors LLC increased its holdings in Vistra by 52.7% in the fourth quarter. Summit Trail Advisors LLC now owns 5,178 shares of the company's stock worth $714,000 after buying an additional 1,786 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

VST stock traded up $5.61 on Thursday, reaching $172.40. 1,929,184 shares of the company were exchanged, compared to its average volume of 7,339,283. The firm has a market capitalization of $58.50 billion, a PE ratio of 32.16, a PEG ratio of 1.12 and a beta of 1.22. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The stock's fifty day moving average price is $140.15 and its 200 day moving average price is $145.17. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a $0.225 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.52%. Vistra's dividend payout ratio is 14.15%.

Insiders Place Their Bets

In other Vistra news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the transaction, the director now directly owns 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the transaction, the director now directly owns 325,192 shares in the company, valued at $50,990,105.60. The trade was a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group increased their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. Finally, Bank of America raised Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $169.08.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.